Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Okay. I have a couple of general questions but mostly I want to ask about the film tax credit. In the case of the research and development credit, what market failure is being addressed? It is supposed to address a market failure and it seems to me there is not a market failure, especially for those that are the biggest beneficiaries of it. They are companies that have enormous wealth and resources and whether we gave them a tax credit or not they would be innovating. Are we giving a tax credit that is supposed to be responding to market failure in an area where there simply is not a market failure?